No Exam Life Insurance More Expensive, but a Good Alternative

Life insurance can be beneficial to the loved ones an individual leaves behind, but the policy can also be a financial strain while that person is still living if they are in bad health. The sicker a person is, the higher the risk of an immediate-future death, and so the harder it will be to find a life insurance policy, according to a recent InsuranceAgents.com article. To bypass life insurance rejection, some insurers offer a policy where, for a higher premium, no health exam is required.
The article, “No Exam Life Insurance: Reward Yourself with Guaranteed Protection,” states that an expensive life insurance policy is better than no policy at all. When a person applies for life insurance, they typically have to take a health exam. And if an exam shows that a person doesn’t qualify for life insurance due to bad health or some other reason, a no-exam life insurance policy will provide the coverage they can’t get any other way.
“[W]ith a no exam life insurance policy, you can bypass the try-outs and go straight to the pros,” encourages the article. “Each insurance company has different guidelines for who they can and cannot provide life insurance to. If you want to avoid the application process and guarantee yourself an adequate amount of life insurance coverage, shop around to find the best no exam life insurance policy.”
The following reasons are enough for an individual to at least consider no-exam life insurance:
1. The person has a history of past diseases, such as heart disease.
2. The person’s family medical history, because many diseases are genetic and increase the risk the individual may also receive the illness(es).
3. The person is a smoker and/or constant drinker.
4. The person is overweight, which can lead to other fatal health conditions.
For those who have health factors that may prevent them from obtaining life insurance, no exam life insurance may be the best option. To find out more information about this kind of policy, contact a local life insurance agent and visit InsuranceAgents.com.